Price index data from online charter portal Avinode reinforces the impression reported by operators and brokers that the market has been making a slow and gradual recovery during the course of this year. Analysis of the company's price index since Jan. 1, 2009, shows a marked decline in expected rates for worldwide charter, as well as specifically within Europe and the U.S., followed by a slow recovery.
Through August 2009, all three of these sectors were declining at about the same rate. Then Europe started to flatten out, while rates for the world and the U.S. continued to fall until they reached a low point around the turn of the year. Since January, the figures for the world and the U.S. have shown a more pronounced upturn than those for Europe. As of September 30, the price index for the U.S. stood at 98.13–less than two points below the January 2009 baseline index of 100, while Europe and the world were not far behind at 95.90 and 96.63, respectively.
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